- Paperback: 262 pages
- Publisher: Truth in Money; 4 Revised edition (April 1994)
- Language: English
- ISBN-10: 0960693874
- ISBN-13: 978-0960693870
- Product Dimensions: 2.5 x 14 x 21.6 cm
- Amazon Bestsellers Rank: 1,715,698 in Books (See Top 100 in Books)
The Truth in Money Book Paperback – 1 Apr 1994
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Most Helpful Customer Reviews on Amazon.com (beta)
This is a gem of a book. It is written in a simple dialog form, which I found welcome in the treatment of a rather complex subject. In 1913, the Federal Reserve System was foisted upon us, as a substitute for a national bank, which many Americans (including American presidents Jefferson and Jackson) fiercely resisted. This system is based on money as debt, not commodities, not anything of substance, and is set up in such a way so as to guarantee a steady concentration of wealth in certain hands, and the steady impoverishment of America.
Under this system, the U.S. Treasury actually borrows money from the Fed, which then credits this money (from created from"thin air") to an account, and charges interest upon it. And, the commercial banks connected with the System constantly create more of this "funny money" every time, they provide a loan. One aspect of this lunacy, is that there is never enough money "in the system" to pay off all the loans and interest, so someone is always losing... slipping into bankruptcy. Even those not quite at that point...many of us...all too often feel that we are "treading water." So many, in recent years have lost their jobs and homes, or are working at a low-pay "service vector" job, it isn't funny. Of course, much of this is directly related to corruption during the last three presidential administrations.
Though not specifically mentioned in this book,* I will add that some very strange policies and behavior of the Fed frequently lead to panics, crashes and inflation, which truly do benefit SOMEONE, but not you and me. This is like the biggest Ponzi scheme in history...and along with things as the recent bank bail-out, and the damn NAFTA and CAFTA treaties (and lunatic and illegal wars overseas), have meant that American is rapidly going down the tubes.
This book is a "must-have." See if you can find a copy at a reasonable price, perhaps at your "American Opinion" bookstore, which is where I got mine some years ago.
For more on the "Fed," please see another classic, "The Secrets of the Federal Reserve," by Mullins. Pure gold. Lots of disinformation "out there," but not in these two books.
Best of all: the book is exceptionally easy to read, written in a narritive format with effective examples that make our seemingly convoluted money system seem down-right intuitive.
BUY IT, READ IT, PASS IT ALONG.